SOURCE: INSCOR, Inc.
March 28, 2013 09:00 ET
LAS VEGAS, NV--(Marketwire - Mar 28, 2013) - INSCOR, Inc. (PINKSHEETS: IOGA) is pleased to announce the addition of Mark T. Bolt to the company's Board of Directors. INSCOR Chief Executive Officer Richard Doerr would also like to welcome Bolt as the company's new Vice-President of Sales. Mark Bolt's responsibilities include marketing INSCOR's FIT (Financed Insurance Trust) OPEB (Other Post-Employment Benefits) plan. The FIT OPEB plan is a unique solution designed by the company for funding municipal and corporate retirees' healthcare and other post-employment benefits.
Bolt was the co-founder of the Shepherd mutual funds, a proprietary family of mutual funds, co-founder of Access Fund Management, LLC, a family of sub-accounts in a Western Reserve Life variable annuity, served as President of Shepherd Advisory Services and is founder of Doulos Financial Group, Inc., an independent insurance marketing firm that focuses primarily on creating insurance strategies for high-net worth individuals and companies to solve funding solutions for business, retirement and estate planning issues.
INSCOR President Richard Krabbeler said of the appointment, "Mark Bolt has extensive experience with municipalities and corporations in pioneering low-cost, financed insurance solutions as a way of funding post-employment benefits. Mr. Bolt has already been meeting with city mayors, council members, CFOs, finance directors and city managers of nearly 20 public and corporate entities, some of which are nearing the final stages of approving a FIT OPEB plan."
The company's CEO added, "I have known Mark Bolt for several years, and I have collaborated with him over the past two years in the creation of our FIT OPEB plan. We are indeed fortunate to have someone with his experience and knowledge in this field to be part of our team."
About INSCOR, Inc.
INSCOR specializes in educating and marketing the FIT OPEB plan to municipalities and corporations as a low-cost solution to funding retiree and other employee benefits. A FIT plan variation also works for affluent individuals, entertainers and professional athletes -- whether for estate planning or funding cash flow needs. INSCOR's "FIT" (Financed Insurance Trust) strategy uses a combination of favorable financing terms, innovative uses of specific life insurance products and trusts -- all of which result in minimum levels of out-of-pocket costs for producing significant future funding and revenue stream opportunities.
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